| Source: | BAIINFO Update Time:2023/3/29 11:22:53 【Print】【Collection】 |
| Keywords: | GPC |
| Summary: | BAIINFO-China, Domestic GPC prices plunged in Mar. Refineries sustained high operation rates overall and imported resources arrived continually, leading to surplus supply. Nevertheless, downstream demand weakened obviously, dragging down market prices. Compared to late Feb., Sinopec refineries lessened prices by RMB 900-1,600/T. CNPC and CNOOC refineries cut prices by RMB 910-2,200/T. Independent refineries pushed down prices by RMB 100-1,850/T further. |
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